Which of the Following Statements About a Not-For-Profit Firm's Fund

question 8

Multiple Choice

Which of the following statements about a not-for-profit firm's fund capital is most correct?

• A) The sole source of fund capital is the excess of revenues over expenses.
• B) Fund capital has a zero opportunity cost.
• C) Fund capital can only come from donations.
• D) Fund capital does not change over time.
• E) Fund capital is equivalent to equity capital in investor-owned firms.

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